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economictimes.indiatimes.com / 1 year ago
abcnews.go.com / 1 year ago
ACC shares in focus ahead of Q2FY25 earnings. Here’s what to expect from this Adani Group company
Adani Group owned ACC Limited are expected to be in focus on Thursday ahead of the company's Q2FY25 earnings announcement. The cement maker could report an year-on-year and sequential loss in its revenue and net profit figures, according to estimates by a couple of brokerages.
Sharekhan has estimated ACC’s net sales figures at Rs 4,263 crore, which could go up by 4% on a YoY basis and 17.3% on a QoQ basis. The profit after tax (PAT) is seen to fall by 49% and 46% on a YoY and QoQ basis to Rs 197 crore.
The operating profit margin (OPM) is expected at 10.2% in the July-September quarter, which may fall by 218 bps on a YoY basis and 295 bps on a QoQ basis, Sharekhan said.
Meanwhile, Axis Securities estimates said that the company could report revenue of Rs 4,187 crore in the July-September quarter, which could decline by 6% on a YoY basis and 19% on a QoQ basis. The net profit could fall by 53% and 40% to Rs 182 crore.
Also Read: HUL shares in focus on Q2 earnings, Rs 29/share interim dividend
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